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in terms of shaping the environment to prevent war. in my view, america's fiscal picture increases the risk of conflict around the globe. maybe not always involving the u.s., but certainly the risk is increasing globally based on our fiscal picture. the fifth point i would want to make is that the budget deal requires us to deal with a full deck of cards. the people who keep wanting to put things off the table are not being rational in terms of addition and subtraction. when i say full deck of cards, that includes defense participating in deficit reduction. this cannot be in the case of defense a sledge hammer approach. it is going to take a long runway dealing with these issues over time. give the defense department time, and they can make very significant changes in the budget. but do it in a way that does not damage our security. doing it abruptly, as the fiscal cliff does, or doing it in a very compressed time frame is not only inefficient, it endangers security. my final point is that the missing element in this town is primarily
in terms of shaping the environment to prevent war. in my view, america's fiscal picture increases the risk of conflict around the globe. maybe not always involving the u.s., but certainly the risk is increasing globally based on our fiscal picture. the fifth point i would want to make is that the budget deal requires us to deal with a full deck of cards. the people who keep wanting to put things off the table are not being rational in terms of addition and subtraction. when i say full deck of...
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Dec 6, 2012
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in that environment, commonplace is essential. if you go through the last campaign, it is not that big of an area. compromise is required. give-and-take -- people have to accept some things they do not like as part of a larger agreement. i would say getting a comprehensive agreement now that resolves many of these issues would at least reduce the constant threat of government shutdown. that is why this is so important going forward. >> i would remind everybody we have threats of government shutdown in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians are sup
in that environment, commonplace is essential. if you go through the last campaign, it is not that big of an area. compromise is required. give-and-take -- people have to accept some things they do not like as part of a larger agreement. i would say getting a comprehensive agreement now that resolves many of these issues would at least reduce the constant threat of government shutdown. that is why this is so important going forward. >> i would remind everybody we have threats of...
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Dec 5, 2012
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it is because they grew up in a -- an unstable home environment. they grew up in dangerous neighborhoods with no access to healthcare. they're often raised by heroic single parents and sometimes an elderly grandmother. they may not have a chance to participate in afterschool to these -- activities because their parents are working and cannot pick them up. every day some amazing parent or caretaker is of her, and all of it to give these kids a chance at a better life. the research on this topic consistently found that children raised in tough circumstances struggle in comparison than children raised in more stable family settings. they face a higher risk of poverty and failing schools. have lower scores on standardized tests, lower grades, and a much higher chance of dropping out of high school or failing to attend college. this societal breakdown is not something the government has solved, but it is something they cannot ignore. you cannot separate economic well-being of of your people from their social well-being. but the federal government -- wha
it is because they grew up in a -- an unstable home environment. they grew up in dangerous neighborhoods with no access to healthcare. they're often raised by heroic single parents and sometimes an elderly grandmother. they may not have a chance to participate in afterschool to these -- activities because their parents are working and cannot pick them up. every day some amazing parent or caretaker is of her, and all of it to give these kids a chance at a better life. the research on this topic...
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Dec 3, 2012
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under a stress environment, you tolerate a higher failure. what are the costs to society and the cost of that failure? we are starting to answer questions about that. we have not looked at it hard enough. it is really interesting going forward. >> one of the challenges is the chart we're showing does not answer the question. it is showing you the cumulative default rate on mortgages. if they streamline refinance and then go delinquent, the delinquency is not linked back to when they came into the system. that serious delinquency is not being shown anywhere. we cannot start dealing with the tough questions about what is the trade-off if we don't first mentioned -- measure the trade- off. i would encourage the fha to go back and recall that chart. then we start saying what is the reality and water were comfortable with. >> for the question of what rate are we comfortable with? there are people who will be more likely to fail and those that are more likely to succeed. perhaps that is actually where we are. sometimes we have recessions that are s
under a stress environment, you tolerate a higher failure. what are the costs to society and the cost of that failure? we are starting to answer questions about that. we have not looked at it hard enough. it is really interesting going forward. >> one of the challenges is the chart we're showing does not answer the question. it is showing you the cumulative default rate on mortgages. if they streamline refinance and then go delinquent, the delinquency is not linked back to when they came...
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Dec 4, 2012
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-- about the environment in those areas? >> we are continuing to track the prevalence and identify children and a younger age. we have components to identify children at age 4. we are reviewing a study to try to understand what is impacting the prevalence rate from a community perspective, understanding how to our identified and diagnosed in the community as well as changes in risk factors and modeling how those changes over time might have influenced the the rate. rex my colleague talked about by it and other family instances. is there a part of this month during -- monitoring where families are interviewed? >> we have a second research program as well as activities that are ongoing at the nih. we have a research component in six states to do just that, to enter the dam is coming get more detailed information from medical records, to compare children -- dam it and children who have autism versus those who do not -- families of children who have autism versus those who do not. we have just completed the first phase. we have
-- about the environment in those areas? >> we are continuing to track the prevalence and identify children and a younger age. we have components to identify children at age 4. we are reviewing a study to try to understand what is impacting the prevalence rate from a community perspective, understanding how to our identified and diagnosed in the community as well as changes in risk factors and modeling how those changes over time might have influenced the the rate. rex my colleague talked...
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Dec 9, 2012
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but the ability to stumble on a more hear people talking about them and then let me go into an environment and go doubling around and that, find out that i sort of like honey boo boo, that is a huge part of the american television experience and it gets sold short when you get techno is t-- ecstatic. a lot of americans love the enjoyment of escaping passivity and be able to roam around the tv jungle of finding things it did not know were there. >> michael powell on the future of television, monday night at 8:00 eastern on "the communicators." >> tomorrow, join us for reform and how education and innovation can benefit the u.s. economy. speakers include gene sperling, harvard university president, and former congresswoman and portugal vice-president, susan molinari. - google vice-president, susan molinari. from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
but the ability to stumble on a more hear people talking about them and then let me go into an environment and go doubling around and that, find out that i sort of like honey boo boo, that is a huge part of the american television experience and it gets sold short when you get techno is t-- ecstatic. a lot of americans love the enjoyment of escaping passivity and be able to roam around the tv jungle of finding things it did not know were there. >> michael powell on the future of...
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concerning protection of the environment, other issues. on the renewable side, we're making a lot of progress in research and development. that is where a lot of the federal money that is going is involved. up 12%renoble's making of u.s. energy production today. -- renewal bills making up 12% of u.s. energy production today. -- reneweables making up 12% of u.s. energy production today. guest: your viewers are now saying if they're watching their screens, the contribution of renewals to electric power generation with quite a bit coming from wind, solar, and biomass. host: with wind having some of the largest gains in terms of its use? guest: right. the wind is utility scale activity. that growth there is being supported by things like the production tax credit, which expires at the end of this year. for solar, it is a combination of utilities collectivities. concentrated solar power, creation of steam, and roof panels. nick mentioned some of the time involved in this. there is two aspects. wind and solar are really dependent. intermittent.
concerning protection of the environment, other issues. on the renewable side, we're making a lot of progress in research and development. that is where a lot of the federal money that is going is involved. up 12%renoble's making of u.s. energy production today. -- renewal bills making up 12% of u.s. energy production today. -- reneweables making up 12% of u.s. energy production today. guest: your viewers are now saying if they're watching their screens, the contribution of renewals to electric...
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you know the low interest-rate environment customs? >> let me ask my team behind me to get that. we will have that for you in a moment. >> my guess is i am not sure that assumption is as low as the rate is today with an interest-rate of 1.6%, it is shockingly low. we have a fed insisting it will keep this way. i will be interested to see what the net effect of this interest rate is. >> there is an artificiality of the point in time because it presumes every one of the payoffs, we have no revenue to fha, where we know there is a large revenue -- >> there is a flaw in the model? >> no. congress requires the review is done in a runoff scenario. we also looked at, what if we keep doing business, so we have those projections. that is not the 2% calculation. it is something we could give you more detail on of what the net effect would be. >> does the modelling assume any recession between now and 2017? >> the modelling does include a range of runs from a mild recession to a very severe recession. through the nature of the modelling, we do look at probabilities. >> but the evaluation, t
you know the low interest-rate environment customs? >> let me ask my team behind me to get that. we will have that for you in a moment. >> my guess is i am not sure that assumption is as low as the rate is today with an interest-rate of 1.6%, it is shockingly low. we have a fed insisting it will keep this way. i will be interested to see what the net effect of this interest rate is. >> there is an artificiality of the point in time because it presumes every one of the payoffs,...
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>> the major place it fits is in the right policy, which would create an environment which would produce a lot more revenue, and that would help to reduce the debt. the federal government doesn't spend much money on energy. the energy research is about $6 billion a year, more or less. i'd like to see it doubled. i think if you're looking for something -- i mean, this report, i think, is a blueprint for independence. that doesn't mean we don't ever buy from people, this person or that person, but we're not in a position to be held hostage by anybody. it also focuses on finds more and use less, that's the magic formula. but i think what we can do in the federal government following up the last question with this one is, i think invest in research, for example, and getting a 500-mile battery for electric cars, getting solar energy that's one kilowatt installed and finding a way to capture carbon from coal plants that can be turned into fuel that's commercially sold. i mean, we should look at the model of unconventional gas, and i'm sure we will in this discussion, in terms of how our unusua
>> the major place it fits is in the right policy, which would create an environment which would produce a lot more revenue, and that would help to reduce the debt. the federal government doesn't spend much money on energy. the energy research is about $6 billion a year, more or less. i'd like to see it doubled. i think if you're looking for something -- i mean, this report, i think, is a blueprint for independence. that doesn't mean we don't ever buy from people, this person or that...
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it is a hostile environment. the pentagon estimates there could be as many as 75,000 troops that would be needed to do that. another option would be to preemptively bomb but then you have dispersal of the agents and so forth. a third would try to seek some sort of property to go in and secure the site. it is a very difficult set of issues as president obama has clearly noted in the clip and has drawn a clear line on the use by the assaad regime. host: here is where syria is located in the middle east. adjacent to 11 on, i rock, and turkey. this civil war has not been going on 21 months. how has he been able to retain power? -- they are adjacent to lebanon, iraq, and turkey. guest: there have been times in the past when a bomb attack killed four members of his inner circle and people thought it could be the beginning of the end of the regime. no one has any illusions about his ability to last over the long term, but he has shown that he will whether much of the storm and unfortunately it's very hard to say when it
it is a hostile environment. the pentagon estimates there could be as many as 75,000 troops that would be needed to do that. another option would be to preemptively bomb but then you have dispersal of the agents and so forth. a third would try to seek some sort of property to go in and secure the site. it is a very difficult set of issues as president obama has clearly noted in the clip and has drawn a clear line on the use by the assaad regime. host: here is where syria is located in the...
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Dec 6, 2012
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are we in a low interest rate environment today? and aren't we by virtue of what the fed has said, which is to say maintaining current policy at least through mid 2015, so three years or so, at least, isn't it very likely we're going stay in the low interest rate environment and shouldn't that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the actuarial review was done not today but at a point with economic projections that are primarily in july over the summer. and so it's accurate that interest rates have dropped further than were built into the primary actuarial view. there are two offsetting factors to that, though. one is that home prices have performed better than were used in the actuarial. and that, based on what we know today, even for this year the actuarial would be significantly better if it were performed today just on that one variable. and then the second point is that the act warblee review is a -- actuarial review is a point in time that assumes that we do no f
are we in a low interest rate environment today? and aren't we by virtue of what the fed has said, which is to say maintaining current policy at least through mid 2015, so three years or so, at least, isn't it very likely we're going stay in the low interest rate environment and shouldn't that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the actuarial review was done not today but at a point with economic projections that are...
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there were not going to create the environment where they would do more work. i am very disturbed and i want to say that one great state inner city is talking about incentives as against creating disincentives. you have to have people who are the imaginative and can look beyond the current crisis. that also has been part of the american middle class. >> i would like to see that -- more of an emphasis on science and math. in terms of k-8th grade. >> one of the great stories of physics, a young physicist who had learned, they started going back to questions of the uncertainty and they became more philosophical. this creates the area for areas of physics in the 1970's. you're not thinking about the deeper ideas and not setting up the framework for thinking operationally. >> do you want to pick up on any of that first? >> only for one thing. i fear that we have a burgeoning student loan problems in our country. it is the only form of consumer debt that has increased substantially. it is by definition subprime. if we look at it on apple's bases, you do not have to p
there were not going to create the environment where they would do more work. i am very disturbed and i want to say that one great state inner city is talking about incentives as against creating disincentives. you have to have people who are the imaginative and can look beyond the current crisis. that also has been part of the american middle class. >> i would like to see that -- more of an emphasis on science and math. in terms of k-8th grade. >> one of the great stories of...
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Dec 8, 2012
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the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. i would like to call fred smith, the chairman and founder of fedex. he really needs no introduction. but the truth is fedex and what it is done in our economy is groundbreaking. they are the clipper ships of the modern age. what they see in terms of the economic growth of our country, because they touch every industry, as well as providing the transportation to making our economy grow, i think he is well-suited to discuss this issue. i thank him for being the co- chair since 2006 and joining with general kelley and myself to do this. thank you. >> thank you. i became involved in the council out of self-interest. b
the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. i would...
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there is a price to pay, the price is paid by the american people and your businesses and economic environment worldwide. through that. john engler -- he and i philosophically don't agree on much -- \[laughter] >> i'm just being honest about john, he is a great politician and comes from the other party, but john is exactly right when he says that the only thing that debt ceiling for is to destroy your credit rating. so i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way, we have never done in our history until we did it last year, i will not play that game. we have to break that habit before it starts. so, with that, let me just say, we have one path where we resolve it fairly quickly. cuts. we reform our entitlements. increases. you get business certainty and you do what you do best, innovate, hire workers, make profits, do well by your shareholders and grow a
there is a price to pay, the price is paid by the american people and your businesses and economic environment worldwide. through that. john engler -- he and i philosophically don't agree on much -- \[laughter] >> i'm just being honest about john, he is a great politician and comes from the other party, but john is exactly right when he says that the only thing that debt ceiling for is to destroy your credit rating. so i want to send a very clear message to people here. we are not going...
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in situations like this, when i am in a predominately black, liberal environment, i get attacked viciously. it does not feel great. i will not sit there and be somebody's punching bag and not set the record straight about the reality of voter i.d. laws. what i was talking about in that clip is when the supreme court ruled and up held the indiana law, voter rolls went up, not down. the supreme court said, we do not think it will prevent minorities from voting. when other cases come before the supreme court, they will look at how they ruled in indiana. that was the point i was making. >> i want to go to one of your blogs. i read the following -- what is wrong with old white guys? >> there is nothing wrong. you are a nice guy. this sounds cliche but i have a lot of white friends. all kidding aside, the reason why it is a problem is because mitt romney lost because he pretty much, in my opinion, ignored the minority votes. he gave a couple ads to hispanics and said, you come and vote for me. the president filled the void with a message to all groups. romney won 5% more points among white voter
in situations like this, when i am in a predominately black, liberal environment, i get attacked viciously. it does not feel great. i will not sit there and be somebody's punching bag and not set the record straight about the reality of voter i.d. laws. what i was talking about in that clip is when the supreme court ruled and up held the indiana law, voter rolls went up, not down. the supreme court said, we do not think it will prevent minorities from voting. when other cases come before the...
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some rate changes, some base broadening, but let's see what the traffic will bear, but the political environment, the culture on the hill will accommodate. >> dave camp and sander levin cut a deal? >> begin the process and try to confer. if there is a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration that they cannot get where they need to go. what we need to do is do not micromanage, don't be prescriptive. give them a number, a ratio of expenditure reductions to tax reform, revenue enhancements, and if that task falls to the -- and give them that task this fall to the committee and over the next six or nine months, task them to meet those numbers. i think the capability is there to do it. it may not be rostenkowski and packwood, but if there is a will, they will get the job done. >> i do not think it is credible to kick the can down the road that far at this point. i think the reaction in the real economy would be devastating. you have to imagine what you are suggesting, vic, which is a good suggestion in the context of doing something
some rate changes, some base broadening, but let's see what the traffic will bear, but the political environment, the culture on the hill will accommodate. >> dave camp and sander levin cut a deal? >> begin the process and try to confer. if there is a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration that they cannot get where they need to go. what we need to do is do not micromanage, don't be prescriptive. give them a...
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are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than were used in the actuarial. it would be significantly better today just on that one variable. the second point is that the view is a point in time that assumes we do no further fha business. one of the things that is artificial about it is that, when interest rates go lower, it assumes people pay off faster. that's accurate. typically path of that refinanced into -- half refinanced into fha. assume your clothes and down the fund, there are revenues that will come in not built and. budget, weident's will include the lower interest rates you described. w
are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than...
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are we in a low-interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than were used in the actuarial. it would be significant lead better -- significantly better today just on that one variable. the second point is that the view is a point in time that assumes we do no further fha business. one of the things that is artificial about it is that, when interest rates go lower, it assumes piecer -- people pay off faster. that is accurate. what it does not take into account is half of those folks typically refinanced into a fha loan. by the nature of the actuarial, it takes a snapshot of time assuming you are closing down the fun
are we in a low-interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates have dropped further than were built into the primary, actuarial view. there are two factors to that. home prices have performed better than...
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this is often the production environment. a local product, many people and this carries for hurricane iris lot and into a 2009 wiped out bangladesh. the land of ours came in and said, we will rebuild your home but you have to start selling this work. they get a roof. you can imagine with the impact of that would be. agriculture is another big one. often sizzle contracts. people will go back to between that and bricks. some said, this of voluntary agreements, but as 0 a process of agreement so i did not know if it counts as slavery. stockbroking is another big one that has been going on for generations. this feeds into the construction industry. a 1983 case, somebody brought a claim under the bonded labor that was passed of the tournament in 86, i went to the same month predicted the elector and many of the conditions still exist. the contemporary manifestation of a labor, it has become less a system of lifetime servitude the -- you can find that one. it is less a system about today than it was a in of the past. it is now is a
this is often the production environment. a local product, many people and this carries for hurricane iris lot and into a 2009 wiped out bangladesh. the land of ours came in and said, we will rebuild your home but you have to start selling this work. they get a roof. you can imagine with the impact of that would be. agriculture is another big one. often sizzle contracts. people will go back to between that and bricks. some said, this of voluntary agreements, but as 0 a process of agreement so i...
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applause] >> joining us this evening is the honorable sherman, under secretary for natural resources and environment at the u.s. department of agriculture. he has a holiday message to share with you as well. [applause] >> speaker boehner, senators udall and bennett, congressman tipton and distinguished guests, on behalf of the secretary, tom vilsack and our chief of the forest service, i would like to say a few words if i can. each year, the capitol christmas tree comes from the u.s. forest service, which is an agency within usda and eachier we -- each year we select that tree from a different forest. this tree is from a small town called meeker, colorado in the white river national forest in the high mountain areas of colorado. and it's a spruce tree and 73 feet tall and happens to be 74 years old. it's only the third time in colorado's history that colorado has provided the capitol christmas tree and i'm particularly proud of that since i'm a colorado resident. yay, colorado! [cheers and applause] >> we call this the people's tree for good reason and that's because it comes from our public lands,
applause] >> joining us this evening is the honorable sherman, under secretary for natural resources and environment at the u.s. department of agriculture. he has a holiday message to share with you as well. [applause] >> speaker boehner, senators udall and bennett, congressman tipton and distinguished guests, on behalf of the secretary, tom vilsack and our chief of the forest service, i would like to say a few words if i can. each year, the capitol christmas tree comes from the...
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particularly in real to get people out of their cars for energy for the environment. we have to be able to spend the money, 7%. 2.5 years after stimulus we only had $67 billion. 35% was still sitting in washington. we have to change the law. there's some things express and the government accountability report on the selection of some of these projects. their release this march of 2011. specifically at -- bay released this march of 2011. specifically they said there were concerns about transparency and other issues with it. they cannot verify some of the criteria by which some of these projects were selected. can you cite any improvement in that process? you were citing a number of projects but also criticized by gao for the process. >> we tried to improve our decision making process. we have tried to use the governors as our partners on these projects. receiving proposals from them and from the state's and working with them -- states and working with them. try to improve our process for selecting projects. >> the other most recent report by the inspector general, rele
particularly in real to get people out of their cars for energy for the environment. we have to be able to spend the money, 7%. 2.5 years after stimulus we only had $67 billion. 35% was still sitting in washington. we have to change the law. there's some things express and the government accountability report on the selection of some of these projects. their release this march of 2011. specifically at -- bay released this march of 2011. specifically they said there were concerns about...
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that applies to life and the ability to work with others in a competitive environment is a huge life skill. competitive sports and the extraordinary game of american football. >> what do you want for christmas? >> at least an 8-8 record by the dolphins. i know i should aim higher. >> mrs. rubio, happy birthday. we appreciate you being here. thank you for being here and thankful to the bank of america. and thank you for coming out early. senator rubio for a fantastic conversation. [applause] captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> president obama addressed a group of corporate executives today in washington. he talked about negotiations with congressional republicans on deficit reduction and the so-called fiscal cliff. >> the holdup right now is that speaker boehner took a position -- i think the day after the campaign -- that said we're willing to bring in revenue, but we aren't willing to increase rates. and i just explained to you why we don't think that works. we're not trying to -- we're not insisting on r
that applies to life and the ability to work with others in a competitive environment is a huge life skill. competitive sports and the extraordinary game of american football. >> what do you want for christmas? >> at least an 8-8 record by the dolphins. i know i should aim higher. >> mrs. rubio, happy birthday. we appreciate you being here. thank you for being here and thankful to the bank of america. and thank you for coming out early. senator rubio for a fantastic...
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in that environment, commonplace is essential. if you go through the last campaign, it is not that big of an area. compromise is required. give-and-take -- people have to accept some things they do not like as part of a larger agreement. i would say getting a comprehensive agreement now that resolves many of these issues would at least reduce the constant threat of government shutdown. that is why this is so important going forward. >> i would remind everybody we have threats of government shutdown in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians are sup
in that environment, commonplace is essential. if you go through the last campaign, it is not that big of an area. compromise is required. give-and-take -- people have to accept some things they do not like as part of a larger agreement. i would say getting a comprehensive agreement now that resolves many of these issues would at least reduce the constant threat of government shutdown. that is why this is so important going forward. >> i would remind everybody we have threats of...
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i will say, however, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite small for the old loans. it's really going to be quite valuable for these newer very low interest rate loans. >> i'll be briefly two more questions. i see that f.h.a. is now making loans to people who three years ago were foreclosed upon. and that's a very different standard than even exists at fannie and freddie. i don't understand. why are you doing that? >> this is another area where we are working on changes. here's the issue. we have a significant number of homeowners that were responsible homeowners, had good credit scores that lost their jobs in the biggest economic crisis this country has fa
i will say, however, that the value of doing it now in a low interest rate environment is substantially larger on these new loans for two reasons. the lower the interest rate, the faster the amortization of the principal and therefore this will be a more valuable change. second because these loans are so low interest rate, they will be on our books far larger. frankly, not many loans in the past have hit that limit. so even though it's $1 trillion portfolio, the value of that change is quite...
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>> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. nots interesting we're fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the good hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need, and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates if they should go up some, but do they need to go back where they were? i do not know. lots of ways to incr
>> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. nots interesting we're fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the good hand in this...
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she is in this environment and has gone on to become a really big deal. we are happy to have you with us terry >> thank you. jean was some of the way for a meeting which may or may not be good news on the fiscal front. i am hoping this is a little less a vengeful than the last panel i moderated. last week i was at the kennedy school at harvard were they do the debrief every four years with a senior campaign officials and we discussed the campaign when the fire without -- and all the power went out. fortunate that rep schwartz is able to join us, representing a district in philadelphia
she is in this environment and has gone on to become a really big deal. we are happy to have you with us terry >> thank you. jean was some of the way for a meeting which may or may not be good news on the fiscal front. i am hoping this is a little less a vengeful than the last panel i moderated. last week i was at the kennedy school at harvard were they do the debrief every four years with a senior campaign officials and we discussed the campaign when the fire without -- and all the power...
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but the ability to stumble on them, to hear people talk about them and let me go into an environment and suddenly find i like honey boo boo and i'm watching its. i think that is a huge part of the experience and i think it is sold short. i still think a lot of americans love the enjoyment of escapism and being able to roam around the tv jungle finding things they did not know were there. >> michael powell on the future of television. on c-span2. now a forum on highly skilled immigrants on the u.s. economy. a panel talks about how immigration laws affects mat scuents. we'll hear from mark warner. hosted by the university of virginia's center this is about an hour and 20 minutes. >> thank you, david. good evening. welcome to the national press club for the keynote round tail. i would like to pay special tribute to mark kaplan whose vision has made this annual conference possible. his commitment to public service has been stead fast through the years and we're grateful for his abiding friendship. i also want to recognize, as david has, the hard work of david, mike, jeff, of the center.
but the ability to stumble on them, to hear people talk about them and let me go into an environment and suddenly find i like honey boo boo and i'm watching its. i think that is a huge part of the experience and i think it is sold short. i still think a lot of americans love the enjoyment of escapism and being able to roam around the tv jungle finding things they did not know were there. >> michael powell on the future of television. on c-span2. now a forum on highly skilled immigrants on...
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but to hear people talk about them, going into an environment like that, i white say that i actually like it. -- i might say that i actually like it and that is still a huge part of the american television experience that gets sold short by talking about anytime, anywhere now. there is a certain amount of escapism and passivity in roaming around the television jungle, finding things that you did not know were there. >> michael powell on the future of television, tonight on c-span 2. >> "washington journal" continues. host: we are continuing our series, looking at different parts of the fiscal cliff talks. joining us now is robert levenson, a senior defense analyst at bloomberg government. let's begin with what secret -- with what sequestration means. caller -- guest: it is a funny term. if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where is it headed? caller: as we recall from last year, there was a crisis over raising the de
but to hear people talk about them, going into an environment like that, i white say that i actually like it. -- i might say that i actually like it and that is still a huge part of the american television experience that gets sold short by talking about anytime, anywhere now. there is a certain amount of escapism and passivity in roaming around the television jungle, finding things that you did not know were there. >> michael powell on the future of television, tonight on c-span 2....
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have a safe and secure maritime environment, good for the economy, and good for the american people n my estimation this legislation fulfills that obligation. i urge its passage today. just briefly want to thank once gren mr. lobiondo for his in-- once again mr. lobiondo for his incredible work in bringing this legislation to passage. with that i reserve the balance of my time. . the speaker pro tempore: the gentleman from new jersey. mr. lobiondo: i rise in support of house resolution 825. 825 covers the coast guard through fear 2014, a level that allows the administration's requested military pay increase for fiscal year 2013 and provide for military pay increase for fiscal year 2014 at a level consistent with c.b.o.'s estimate on the rate of inflation. the bill provides funding for the coast guard of levels that will reverse the irresponsible cuts proposed by the obama administration and will ensure the service has what it needs to successful conduct its missions. the legislation includes critical provisions that will have the coast guard and its service members greater parity with
have a safe and secure maritime environment, good for the economy, and good for the american people n my estimation this legislation fulfills that obligation. i urge its passage today. just briefly want to thank once gren mr. lobiondo for his in-- once again mr. lobiondo for his incredible work in bringing this legislation to passage. with that i reserve the balance of my time. . the speaker pro tempore: the gentleman from new jersey. mr. lobiondo: i rise in support of house resolution 825. 825...
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what the political environment, the culture on the hill, will accommodate. if the dave camp and sander levin cut a deal on the ways and means committee? >> begin the process and see what they can produce then begin the process of trying to confer. if there's a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration. that they can't get where they need to know. so don't micromanage or be prescriptive. give them the ratio of expend reductions to tax reform revenue enhancements, give that task, this fall, the committee and over the next six or nine months, task them to meet those numbers. i think the capabilities -- capability is there to do it. there's a will and i believe there is, with the president and john boehner, they will get the job tone. >> could i just add an amendment to what he's saying? i don't think it's credible to kick the can down the road that far at this point. i think that the reaction in the real economy would be devastating. so you have to kind of imagine what you're suggesting, vic, wh
what the political environment, the culture on the hill, will accommodate. if the dave camp and sander levin cut a deal on the ways and means committee? >> begin the process and see what they can produce then begin the process of trying to confer. if there's a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration. that they can't get where they need to know. so don't micromanage or be prescriptive. give them the ratio of expend...
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the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. -- to their fulfillment. i would like to call fred smith, the chairman and founder of fedex. he really needs no introduction. but the truth is fedex and what -- p. burns about 1.5000 gallons of fuel per day -- 1.5 billion gallons of fuel per day. oh, per year. [laughter] why would really be a problem. but the truth is that sex, what they have done in our economy is groundbreaking. they are the clipper ships of the modern age. what they see in terms of the economic growth of our country, because they touch every industry, as well as providing the transportation to making our economy grow, i think he is well-suited
the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. -- to their...
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>> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. it is interesting we're not fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways t
>> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. it is interesting we're not fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the hand in this...
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they are concerned about how that creates an economic environment that puts them at risk. they immediately move -- if that is table stakes in such terms of taking care of the basis of issues -- in a move to things that have much more meaning to them that focus around jobs, wage growth, getting more disposable income into their household. you see on one level at the abstract level, debt, deficits, fiscal cliff, and then a transition into the to-do list, which is where they would like to see effort. finally, with all of this battering that people have taken during this last few years of difficult economy, we gave voters -- will go to this question in detail -- which gave them a choice, short-term, pragmatic solutions to fix the problem or long-term visionary policies that will put us on the right track interestingly enough, people are thinker -- people are thinking longer term. it is different for different groups, but generally speaking, people are looking for a longer horizon. quickly, the mood of the country, you see the red track, the wrong track. you see it is still 50%
they are concerned about how that creates an economic environment that puts them at risk. they immediately move -- if that is table stakes in such terms of taking care of the basis of issues -- in a move to things that have much more meaning to them that focus around jobs, wage growth, getting more disposable income into their household. you see on one level at the abstract level, debt, deficits, fiscal cliff, and then a transition into the to-do list, which is where they would like to see...
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we are moving from that manual labor, low-skill jobs environment, to one in which he will have to have more education and skills. that is the reality of globalization, and i do not think you will have to avoid that. where to put more attention to and on getting people the skills -- we have to put more attention and getting people the skills. we will never have thousands of people sitting at sewing machines making t-shirts. host: another area where your groups seemed to disagree is whether the unemployment insurance creates a disincentive to look for work. mr. josh bivens, we start with you on this subject. caller: the two -- guest: the two previous callers identified the root problem -- there are not enough jobs. the ratio is still over three- to-one. if we could wave a magic wand, we would still have a large majority of unemployed workers looking for jobs. that is not a problem of skills. it is not a problem of employers dying to hire, but there are not the people out there. we just do not have the demand for services in the economy. that is like cutting off this source of demand woul
we are moving from that manual labor, low-skill jobs environment, to one in which he will have to have more education and skills. that is the reality of globalization, and i do not think you will have to avoid that. where to put more attention to and on getting people the skills -- we have to put more attention and getting people the skills. we will never have thousands of people sitting at sewing machines making t-shirts. host: another area where your groups seemed to disagree is whether the...
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environments. there is so much to talk about. in an area we have been talking about on the skilled work force or how much there is a skill gap, i think this is a critical issue. i think that for us to have clear policies, we need to do a little better in clearly defining the challenge. first of all, i don't think there is any question that the main reason we are having higher unemployment right now is not structural. it is fundamentally cyclical, fundamentally the lack of demand that is still in our economy as we recover from the great recession. that said, that awareness, that recognition that ben bernanke and former cea sheriff lazar -- cea chair lazear should not undermine that we face temporary or futures skills gaps but there is three reasons we should be focused on this. number one, even the unemployment today that is fundamentally about cyclical demand can easily become the next structural skills problem of the future. we know that one of the challenges we face right now in our economy is not just lowering unemployment, bu
environments. there is so much to talk about. in an area we have been talking about on the skilled work force or how much there is a skill gap, i think this is a critical issue. i think that for us to have clear policies, we need to do a little better in clearly defining the challenge. first of all, i don't think there is any question that the main reason we are having higher unemployment right now is not structural. it is fundamentally cyclical, fundamentally the lack of demand that is still...
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instead we must improve the resiliency of our communities, environment and essential services and vulnerable populations with smart planning and well-designed recovery and rebuilding tools. we have the ability to reduce the consequences of severe weather. by mitigating flood risk through smarter land use guidelines, building codes and flood protection improvements. the state of new york has requested $9 billion for mitigation measures from the administration. the state of new jersey is seeking another $7 billion for the same purpose. i commend governor quomeow and governor christie for -- cuomo and governor christie for including strategic needs in their funding request. both of these leaders have demonstrated inble compassion and concern for the people who they represent and have been highly effective in their leadership since the disaster began and it may also include mayor bloomberg, mayor booker and many other local officials that stepped up and did the job they were elected to do. i hope -- i look forward to hearing from our witnesses today. my colleagues who i have the deepest respect
instead we must improve the resiliency of our communities, environment and essential services and vulnerable populations with smart planning and well-designed recovery and rebuilding tools. we have the ability to reduce the consequences of severe weather. by mitigating flood risk through smarter land use guidelines, building codes and flood protection improvements. the state of new york has requested $9 billion for mitigation measures from the administration. the state of new jersey is seeking...
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technology to both students and staff, has worked to develop 21st century learning skills in a classroom environment that fosters creativity, innovation and critical thinking. most importantly, ryan works tirelessly to help his students achieve success in the classroom. ryan devlin, thank you for your commitment to the teaching profession and congratulations. and i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek recognition? >> permission to address the house for one minute, mr. speaker, and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized. >> mr. speaker, members, as announced earlier by congressman ralph hall, we lost a member of the texas legislature, congressman jack brooks, who proudly served his southeast texas district for 42 years after he was first elected in 1952. mr. green: ultimatelying as dean in this house of representatives and dean of our texas delegation. i knew jack brooks from his -- my days in the state legislature and he was one of my mentors when i fir
technology to both students and staff, has worked to develop 21st century learning skills in a classroom environment that fosters creativity, innovation and critical thinking. most importantly, ryan works tirelessly to help his students achieve success in the classroom. ryan devlin, thank you for your commitment to the teaching profession and congratulations. and i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek...
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question, can we afford to wait, on the other hand, can we afford not to wait, to allow the political environment to be more conducive to a successful military intervention and to allow the process of force generation to proceed, which does take time to train, equip, and develop a source for its employees. so in a sense we have few choices but to allow those processes to unfold, clearly we're concerned that it takes time to do so but i think we have a sense of moving forward with -- as rapidly as feeze, as rapidly as the circumstances will allow us to do so, recognizing the tremendous leadership that the african partners have already shown both in terms of political dynamics and the initiatives that are supporting this planning process at present. >> thank you. senator isaacson? >> i have just one question. ms. dory. if, as secretary carson said, military discontent with the government support was a major contributing factor to the coup, then the military will be a major contributor -- contributing factor to how successful an election is going to be. in your testimony you say there's a sunogo is
question, can we afford to wait, on the other hand, can we afford not to wait, to allow the political environment to be more conducive to a successful military intervention and to allow the process of force generation to proceed, which does take time to train, equip, and develop a source for its employees. so in a sense we have few choices but to allow those processes to unfold, clearly we're concerned that it takes time to do so but i think we have a sense of moving forward with -- as rapidly...
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even in a postal strike environment, if iran wanted to reconstitute its nuclear program, do we have a problem with nuclear smuggling? >> without outside assistance, iran would not have a large centrifuge program. the death developed a small one overtime, but it depended -- they have developed a small one overtime. they have been smuggling dual- use goods that are necessary to build centrifuges and centrifuge plants since the 1980's. the family will talk about this. -- they freely will talk about this. there are very dependent, and they're active now. there was another court case, and arrested some smugglers yesterday trying to buy things here. carbon fiber. but they were looking for a carbon fiber when the machine. these things are used in missiles, -- winding machine. these things are used in missiles. europe has tightened up. they have been working actively in china to buy european- american-chinese goods. the government is not completed, but they're not doing enough. we're thinking that pressure needs to be brought on china. goods made in germany, sold by that company to the chines
even in a postal strike environment, if iran wanted to reconstitute its nuclear program, do we have a problem with nuclear smuggling? >> without outside assistance, iran would not have a large centrifuge program. the death developed a small one overtime, but it depended -- they have developed a small one overtime. they have been smuggling dual- use goods that are necessary to build centrifuges and centrifuge plants since the 1980's. the family will talk about this. -- they freely will...